summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the equitable assessment of banking fees imposed on accounts for personal, family or household purposes. Financial Services.
AI Summary
This bill aims to remove the requirement that bank fees be imposed only on accounts for personal, family, or household purposes. The bill amends Section 41A of Chapter 171 of the General Laws to strike out the phrase "established for personal, family or household purposes" from the existing law. This change would allow banks to assess fees on a wider range of accounts, potentially impacting both individual and business customers.
Committee Categories
Business and Industry
Sponsors (10)
Jay Barrows (R),
Nick Boldyga (R),
Kim Ferguson (R),
Paul Frost (R),
Susan Gifford (R),
Sheila Harrington (R),
Steven Howitt (R),
Brad Jones (R),
Kevin Kuros (R),
Todd Smola (R),
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/H540 |
Bill | https://malegislature.gov/Bills/190/H540.pdf |
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